FOOD FOR THOUGHT: Grocery chain CEO raises concerns with Harris’ price-fixing plan
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- Опубликовано: 11 сен 2024
- Stew Leonard’s president and CEO Stewart Leonard, Jr. reacts to a major downward revision in U.S. job creation and discusses Vice President Kamala Harris’ economic plan on ‘The Evening Edit.’ #foxbusiness
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Kriminal Harris needs jailed
Fertilizer, and fuel cost have increased the cost of farming
Yes it has they work the hardest all day from the time they get up till night time.
Much of our wheat and fertilizer came from Ukraine
No joke. Biden-Harris can't understand that lots of things are made from petroleum. Like fertilizer, plastics, chemicals and building supplies. Not to mention that all foods are carried to market using diesel, by truck or train. I think a lot of pesticides are petroleum based, aren't they? They've probably gone up in price too?
Fertilizer through the roof. Biden withdrew from 5 trails the first week in office with other countries that drove up fertilizer
Fuel prices affect farmers, ranchers, transportation companies and they ALL pass those expenses to us the consumers! Bidenomics hard at work!!
Where’s the cap on all the politicians wages?
Would some one please hold her legally accountable and make her shut up , where’s the legal fight!!
Defund the poli.....ticians.
That means not playing taxes 🤣
paying
Amen!
Just the democrats for now! When Republicans run things, it'll be their turn to be judged...
I@@vdc6925if we go in to depression nobody will be paying taxes,even though they decided we ARE NOT 🚫 in a recession 😅 I personally am in a recession..
THEY'RE THE ONES WHO PUT THESE PRICES HIGH!!! WTFFFFFF
Harris has no clue what she believes
She is just pandering for votes. Harris is clueless and would make a horrible leader.
Harris 🟰 The Problem
She's a career politician and this that government should handle everything and knows absolutely nothing about the private sector😂
she just doesn't have a clue period
Cons and liars in the Democratic party.😮
Let’s be honest, there are traitors on both sides.
Name a Republican that committed treason, like funding terrorism in Iran releasing 6 Billion in funds froze by Trump. Biden did that a month later we have war in the middle east. Open border allowing a invasion, funded the Taliban too.
Biden is the biggest liar on the planet. Cannibals ate uncle Bosie.
@@elijahmyers5069 Joe and now Kamila are the biggest of my lifetime. Kamila's vice stood and lied about 99% last night. And she has no policies or interviews yet. That should be interesting.
@@JeanetteFaithyour cult master is the biggest liar in political history and project 2025, is nothing to be proud of.
Oh come on harris isnt fixing anything. Shes had 4 years and has done nothing.
Yeah 4 years with a Republican house
@@spicyboys1999 1 day old accounts get no respect and have zero credibility.
Talking sensibly to a Liberal/Socialist is like...well, like nothing I've ever experienced before. Useless and a waste of time. They've slipped over the edge.@@PowerstrokeSynd
That's not true at all she helped pass the inflation reduction act at a cost of over $800,000,000,000 worth of Federal spending (all Republicans voted against it) and she was put in charge of the border where she helped hundreds of thousands if not millions of people pour in from South America, many of which happened to be military aged Chinese nationals coming in through the infrastructure the Chinese government is building in South America and she did all this despite repeatedly embarrassing herself at every public speaking opportunity. So, I wouldn't say she's done nothing. Her record is really quite impressive.
@@s.gibson9329it’s no wonder the real democrats like rfk are willing to work with republicans just to stop the stupidity of this administration. Worst president I’ve seen in all my years. And im a democrat and no way in hell would I vote for it again.
Harris isn’t fixing anything!
She broke everything.
23 to 28 percent tax increase on corporations Will add a 33 percent increase on consumers😢
That is true we seen all what Harris can do. Nada
Back to washing paper plates
Not true,she fixing the election
Harrismarxistomics! Communism vs capitalism? I choose Trump capitalism & policies i can afford!
You can't create inflation and then turn around and tell businesses what there allowed to charge. Government needs to get the hell out of the people's business.
She's a commie and that's what they do. Biden has a fried brain and only recognizes ice cream. What a team of buffoons!
Why anyone would vote for any of this is beyond me.
Brainwashing
IT'S UNFORTUNATE BUT MOST PEOPLE VOTE THE WAY THEY ARE TOLD TO VOTE. THEY CAN'T THINK FOR THEMSELVES.
@@evan22303 kinda how most people feel about another trump presidency.
Because it would literally benefit us. But you go cheer on the elitists.
@@MrSaritch57 how does it benefit you? What in the last 4 years has benefited you?
Regulating grocery prices is a rather simple task, it's called energy independence.
Bingo. That is why I am voting for Trump.
Seriously 😅
@@cathyfitzgerald3032 Most of the economy is related to the price of fuel. MOST. Not all.........
Everything comes on a truck ,its simple math ,you can even do it while petting your cat @cathyfitzgerald3032
Maybe we should get some crayons out and help Catherine "figure it out"
As an ex grocery store director I can say with certainty that the margins are very small. The only gouging is being done by the Democrats.
@mattjaps995 yall had a 76% percent profit margin as an industry. That's not small. The price gouging is being done by the grocery companies, and that's easily attainable data.
@@SmilingCoyote82 more like 1% net
@@SmilingCoyote82 I drive a truck and the fuel surcharge is rising prices. We charge more for delivery to cover fuel cost. That is the #1 reason prices raise. Everything is delivered by a truck. Everything and the price of fuel matters.
Some peoduxts you lose money or break even the margins are in certain items
exactly , all grocery store margins are small
Worst mistake America made in 2007 Obama era started now this.
For sure! All those Micronesians getting free benefits no problem but our disability and veterans are struggling.
Americans didn't elect these people.
Obama started all the unrest in the Middle East as well. I remember him giving Iran all that money and going on an apology tour all over the Middle East but not to Israel.
@@glennamccabe9770they were just as bad off under trump. Give your head a shake.
Bingo
1000 more government jobs????
Dear God let Trump win and let Elon Musk do to the Federal Government what he did to Twitter!!!
Enough is enough!!!
Trump will make it worse. Just look at what he did with his first term. If he gets back in power it will be much worse.
Less Government intervention! They've shown they are incompetent, can't be trusted and everything ends up costing us more!
Current high prices for essentials are caused by corporate greed. Look up how their net profits get higher every time they raise prices.
You manage it by BIGGER GOVERNMENT 😖
They need to
STOP
GROWING
THE
GOVERNMENT !
This should show voters just how bad a harris administration will be.
They cheat at everything
Everyone forgets that trucks deliver everything, everything, as a truck driver we surcharge for FUEL and the higher the fuel the more you will pay for your groceries, it is that simple. Another thing is the regulations and fee's truck drivers have to pay just to operate the vehicle on the road, all applies to the price of delivery. This is all passed down to the consumer, food on the shelf is not just materialize, it was delivered by a truck driver.
The stupidity is mind boggling
Harris has collected a VP's salary for four years for doing stuff all. That is price gouging!
People that vote for Harris should have to go to the back of long food lines.
They need to go to prison
Goodbye capitalism if Harris gets in
Unregulated capitalism needs to go...it's why this country suffers....but hey you keep eating that b.s.. they feed you.
NONSENSE. STOP PARROTING TRUMP BULLS**IT
@@OrangeGuyBlows unregulated? Everything is regulated. That’s the problem to much regulation. I’m a farmer, and have a construction company. The state and federal government have their hands in all of it. Our crop inputs have quadrupled in last 3 years due to regulations. Now we cannot as farmers compete with foreign producers. Because ,people like you won’t buy local produce and meats. And, if you don’t like capitalism then go live somewhere where there is socialism or communism for a year see how you feel about it then.
@@benjaminjohnson5469 lmao....you're not a farmer. Even if you were tell us exactly how many foreign producers of american grown produce and farm raised animal food sources there is. I don't need to buy yours, i have my own. Now that cut through your lies , you can leave . People like YOU have no place in this country.
@@OrangeGuyBlowsSo why not leave the USA if a “free market” bothers you? I mean, freedom must not be to your liking.
Donald J Trump the Peoples President!❤❤❤❤
✨️🇺🇸✊️TRUMP ✊️🇺🇸✨️
❤🎉2024🎉❤
I'm sick of this close the borders, defund the cartels.
Kamala Harris is beautiful
@@InotAfraid-c9b Get out of here bot!!
@@InotAfraid-c9bRaptilian woman😂
@@InotAfraid-c9bRaptilian woman😂
Cartels still exist due to govt.
Grocery store margins are very small. Everyone's cost has gone up. Quit giving the government OUR RIGHTS....pretty soon we the people won't have any rights.
Democrats ruin everything!!! Vote them out
vote trump
Its Corporate $$$$$$$ profit CEO
$$$$$$$and off shore tax shelters
Kroger reported $736 million in Q4 2023 profits with annual profits of over $2.1 billion .......yep those small margins. Keep eating the b.s. they feed you though. As of 2022, 60% of grocery sales are concentrated among five food corporations, opening the door for anti-competitive industry practices and continuing greedflation
Grocery margins are typically 27-37% depending on the chain.
Trump 2024!!! You can’t stop him!!
He will lose by 12 million votes and be glad at least you won't lose your insurance and go bankrupt when you have a claim.
@troyprice531 that's what yall said the last time he lost.
@@SmilingCoyote82 reason being they stole the electrician...the only way you democrats win is to cheat...if it was fair and legit Trump would have won in a landslide.. I walked away from that party since socialist Obama came in now these communist Marxist coming in...I was a older democrat these aren't democrats any more.. they are communist monsters that support the UN and wef for their agendas ...I'll never vote democrat again...they should abolish that party neo liberals Nazis...
@@troyprice531 You Tube SUCKS! POST THAT COMMENT
@@SmilingCoyote82 he didnt loose
Say Goodbye To Your 401. It'll Become A 40-NONE.
Stores cannot survive selling products at a loss. You will see empty shelves. You have to hit the problem at the root. Drill drill drill cheaper energy
Bring fuel prices down, and EVERYTHING else will come down…
Tell that to the oil companies with record net profits from price gouging.
VOTING FOR TRUMP MAGA---8 MORE YEARS
12, JD could run for prez twice
4 more
@georgewhite4973 he's already said if you vote for him you'll never have to vote again. When did Republicans approve dictatorships?
I don't think Trump would be able to serve more than one additional term. Am I wrong?
Ok, looked it up: two terms is the max for any candidate to serve, and it doesn't need to be consecutive. One could potentially serve just shy of 10 years though, if they take over for less than 2 years of a term they can go on to serve two more full terms.
Whose life was better a few years ago under Trump
No one that I know.
Everyone. They just won't admit it.
government jobs up and public sector jobs down. government needs to be smaller
Government should just stay the heck out!!!!
I can’t afford food or rent since Biden/Harris entered the White House! Voting TRUMP 2024🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🙏🙏🙏
Suddenly went up Jan 6 2021?
I am voting for Trump. Take someone to the polls or help someone get registered. No time not to double down. Especially in swing states.
Things will be even worse for you under Trump. The problem is that so much of our food is processed by a small number of companies. Back when corn was over $6 per bushel it made sense that food was expensive. Now that corn is under $4 is should be cheap. Trump will do nothing about this. These food companies are ripping off farmers and consumers.
When Trump is in office your landlord will be able to evict you for any reason they want and then you will be homeless. Since being homeless is illegal you will be arrested and jailed. You will be rented out to various companies like perhaps one of these food companies. Instead of illegal immigrants doing this work it will be our own enslaved citizens. Since abortion will be illegal there will be plenty of poor people in America to do this.
What we need to do is take in illegal immigrants but don't give them anything and especially don't give them rights. We don't need to make poor people to do these jobs when so many are already fleeing here for their lives because of our war on drugs allowing drug cartels to exist and take over countries. We should have mandatory abortions for the poor so our citizens at least start out on the right foot and not born directly into poverty. If we do this and legalize all of the drugs we will fix all the damage done within a generation.
@@FloydRunner2049This isn’t about Trump keep up and pay attention.
Don't feel bad, since this administration I lost 16yr job,house can't get any kind of assistance but they can sure accommodate these illegals they let in. I'm homeless now and I'm 60. It's to late to start fresh. Im still gonna vote for Trump 🇺🇸 I don't need to live in communism
Wanting to keep your own money, that you earned through years of hard work and ingenuity, is just greedy. It's so greedy to want to keep your money rather than giving it to the government to distribute to people who've never worked a day in their lives, or possibly to illegal immigrants. Just plain greedy.
All talk no action she’s empty vessel.
Their base is ignorant beyond the pale so they just clap along
She's one of the reason why food etc. is so high. WAKE up America and smell the coffee.
And people are going to still vote for her
why shes know good
Ya stupid people
@@watan9397and you can buy bread at 50% more...😂...so much for the professor of spelling
@@watan9397your problem then be complaining in the next year why cost so high why are they’re putting immigrants in our schools and parks and blah blah blah
@@watan9397yeah that what Id expected from a harris voter
Trump2024 ❤
Kamala Harris is beautiful
@@InotAfraid-c9b Get out bot!!
@@InotAfraid-c9b 👎🏿COMMIE KAMALA IS A DAUGHTER OF SATAN👎🏿 👎🏿FOLLOWERS OF MARXIST HARRIS WILL BE MISLED 👎🏿THE BEAST IS A DECEIVER👎🏿SHE WILL JOYFULLY LEAD ALL WHO FOLLOW TO HELL
AMEN.
@@InotAfraid-c9b- W -H-A-T????
Price fixing and wage freezes failed miserably and did not reduce the 15% plus interest rates on loans nor did it cause any increase in health and welfare of us that endured it. The market controls prices, always did until the people appointed or elected decided they had a better way to screw things up.
Producers won’t be able to afford to bring it to the market.
This is so effin' absurd. I've established my career with the same grocery retailer for 30 years, and I'm paid really good and have been given many generous benefits for my service with them. Punishing the company I work for WILL place my employment in jeopardy and lead to both personal economic and emotional depression. FKH!!!
You have enough years with them to retire.
We don't want more wars no more imflation no more Open border no price control no more control from our gov vote Trump
Harris isn’t buying many groceries lately. She’s on the bottle & it shows.
Tim Walz is an alcoholic as well. He was arrested going 96 in a 55 and DRUNK.
Liquid lunch🍻
Looks like she's been rode hard and put away wet.
Why is there inflation. Simple the price of doing business went up. When energy prices skyrocket. Everything else goes up. Energy independence and no federal government spending cures most
Socialism always lead to people get hungry !
Using taxes to build walls and an iron dome will put food on the tables! Socialism!
❤THE BEST PRESIDENT ❤VOTE THE DONALD FOR PRESIDENT 2024❤
That's your right. I am voting for Harris.
Look at where the world is now everywhere, Wars terrorism and here. What happened.
Covid was a communist takeover
Joe Biden administration is what happened!
@@INSIDIOUS-ONE the countries that really played the COVID card and the climate scare are the ones that are being destroyed by inflation, it's all a communist takeover.
@@INSIDIOUS-ONEMarxists
Crawl out from under your rock
Only people who don't have to worry about how much things cost would propose price controls. Naive and out of touch
Maybe the grocery CEO can't make you KomiKamala understand that he can't cut a 1.7% marging
I wonder if Harris ripped off customers when she worked at McDonalds.
She probably ripped off a few Big Macs
yes she did ate all the sandwithes
Has anybody fact checked that
story ?
@@jaelancaster5506good question. We should get Megyn on it!
Monopolistic capitalism needs to pay more taxes and price gauging needs to be controlled .. enough of industrial lobbying ❤❤😢😢
Trump 2024
Price fixing would be a fracking disaster! 😉😅😂🤣
Food rationing and bread lines.
@JeanetteFaith Probably, but you would still have to pay for the bread and food. There would just be less of it because of the businesses going out of business! 🥹😡
@@Stephen-fe8bq Correct.
Look what happen 4 years of Biden/harris ....if another 4 years ...doom
I truly, truly Love Fox Business channel.
Under Harris/Walz, only food to be found will be food for thought.
No doubts. The rich are getting richer. No matter who is President.
And the middle class is getting destroyed. Just like in third world heel hole the world over. Trump gets that it is a country’s middle class who actually create the goods and perform the services that is the actual wealth of a nation.
Harris for the asylum ward !
That "Grocery store chain owner" should stop being a coward and PUT UP POSTERS IN EVERY STORE telling the customers EXACTLY what to expect if they vote for Harris. EMPTY SHELVES AND EXTREMELY HIGH PRICES!
We need to start prosecuting for falsified information.
Trump 2024 MAGA 🇺🇸🇺🇸🇺🇸
Love economic rhetoric coming from such experts.
😂
The government must stay out of private businesses!!!
When the cost of energy, labor and transportation goes up, companies must pass that along to the consumer. Not to mention the devaluation of the currency by money printing. This issue has been ongoing for the majority of this administration's tenure. To find the root cause of high prices, Biden and Harris need only to look in the nearest mirror and point to their own reflection.
Reality is about to set in, you can't pay your bills with Hope and change. Remember the recession the next one is going to surpass by far.
She has no idea what she can or cant do , so she promises you everything.....rookie.
Her policies won’t work…..wake up !
Harris/Biden policies are why grocery prices are at record levels... NOT PRICE GOUGING!!!
Please don’t show her face during your report. I can’t stand her.
Those greedy grocers! How dare they run a business that has a 2% profit margin at the public’s expense!
Kamala Harris's birth certificate has appeared on the American social
network X. The document was found in the archives of the Jamaican
hospital, which is located in the same region where her father lived.
The certificate casts doubt on the legitimacy of her presidential
candidacy: according to U.S. law, only a natural-born citizen can become
president. To be considered a natural-born citizen, an American must
either be born on U.S. soil or have parents with U.S. citizenship.
Kamala's father is from Jamaica and her mother is from India. Both were
students in the year of Kamala's birth, raising doubts about their U.S.
citizenship at the time.
Prices must rise to cover cost increases, past and future, to counter escalating outgoings. Failure to generate adequate cash flow fast enough to pay for replacement materials at higher prices would necessitate excessive borrowing and the fiscal difficulties which that brings for a business. Survival is the name of the game.
Increased profitability is an inherent (and unloved by shoppers) effect, but it's not price-gouging.
There's a difference between capitalism and greed. Greed consumes capitalism.
Kamala would be proud of that ridiculous explanation.
LoL, Let's look at price gouging: home interest rates, resale prices on homes, used autos, insurance, prices, rental price gouging, gasoline/diesel/heating oil now that's the governments fault for sure, electric prices......ect.
Coke product at Walmart $1.85 a liter, Kroger $2.85 a liter, Publix $3.85
"Price Fixing" is something the do in "Banana Republics" and European Communist countries.
Price fixing will wipe out Co-Ops like the East End Food Co-Op in Pittsburgh. There's no way they'll be able to sell at lower prices for their organics and natural foods which cost more as it is. They'll be done in six months of Kamala taking full control of our already struggling economy.
It's been Reported that a Government Run Grocery Store is in the works and I don't remember what part of the nation for the Pilot program to be at but I have heard about Government Run Liquor Stores in Pennsylvania though and they have said that they don't have much selection of products for sale in them.....
@@carolrice2063 government stores where they set the prices and profits to the government .. they tell employees what they make, no free enterprise and no competition. there would be no way for the average person to start a small business, compete and be successful ... but that is what they want -- rich elite controlling a poor population
The New World Order in the works.
@@carolrice2063 grocery stores are penny operations. The profit margins are slim after paying labor and loss can be high at times due to refrigeration break downs and sub par produce that doesn't sell and then there's the buyers making mistakes at times, etc... You really have to know your market and you have to stay on top of it constantly. If suddenly you don't have the "authority" to set your prices or there are caps put in then you have no control of your finances. BOOM! You're out of business. Then along comes the government to feed the people. Hmm?
@@willhall640 Government Run and Government Owned is what I have heard but like I said about Pennsylvania they have the Liquor Stores in the state from what I was told about..... and Government Owned....
So labor dept suddenly woke up from BH dream bubble and correct numbers???
They have been quietly correcting numbers for entire Biden term.
Coming from someone whose industry pulled a 76% profit last year. This is the guy you should be upset at over your grocery bills.
You obviously don’t know anything about grocery store income. Grocery stores net income after taxes is about 1%. There is not any grocery store that makes more than 3% net profit.
We need someone who knows the economy, who knows the business! Trump/Vance 2024🇺🇸
Arrest her for corruption.
LIES TO MAKE THEM LOOK BETTER
You can't have increased wages without increasing prices.
She needs to quit adding insult to injury just stop trying to fix things you can't fix the things you have screwed up in the first place she really just needs to quit leave the white house you have done enough damage
Better take your money out of the banks
Whining not winning
Whining not winning
Whining not winning
Whining not winning
That is because corporations are downsizing their businesses because of increased taxes and increased wages. Good old corporate America they can’t be blamed for anything can they?
Vote Harris out of the White House.
Trump 2024🇺🇸🇺🇸🇺🇸
POVERTY COMES FROM SIN.
Make Affordable Groceries Again!
Communism Kamala stay out of food pricing ...fuel electric taxes insurance labor maintenance are all part of food cost....you drinking to much booze sister
Price fixing has been tried before, here and in other countries. It always ends in disaster.
The reason car dealers offer rebates is because Jimmy Carter did price fixing, so the car dealers jacked up their prices ahead of time, and then offered diminishing rebates as the government-caused inflation destroyed their economic model. If they hadn't they would be out of business and the "we care about what's fair" government wouldn't have cared.
Just like it didn't care about all the babies killed by improperly configured airbags, as per government mandate.
The price of fertilizer has skyrocketed the last few years and the cost of shipping has tripled! Thats what is raising prices!
Rich couples hugging on stage. They are the normal ones.
Kroger 18 ct Eggs $5.09 this is Crazy. All the CEO’s of Food Chain need to go to White House and Talk about Prices. I’m sure now of this Men have ever did Grocery Store Shopping.
I hate thinking about food priced has almost quadrupled in 4 years. And now they're promising to lower the grocery prices, Imagine that.